Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Be Wary of Variable Annuities Don’t Be Blindsided In Your Search For Higher Returns In our current low-interest rate environment, insurance agents and retirement planners push variable annuities as a way to get more bang for your buck when it comes to retirement savings. Be very careful.  These […]

ATTORNEY NEWSLETTER Learn to Watch for Signs of Elder Abuse Stay Alert: Protect Yourself and Loved Ones Elder abuse comes in many forms from many corners. Seniors are vulnerable to financial elder abuse, abandonment, physical abuse, nursing home abuse, sexual abuse, and emotional/psychological abuse[1].  Our San Francisco and California elder […]

ATTORNEY NEWSLETTER Financial Elder Abuse Strikes in San Mateo County An East Palo Alto man was recently charged with check fraud and financial elder abuse of a 74- year-old county resident. [1]  The story reveals just how vulnerable seniors can be and how fast a criminal can prey on an […]

ATTORNEY NEWSLETTER Be Wary of Annuities Don’t Be Blindsided In Your Search For Higher Returns Banks sell a lot of annuities. Bank customers grumble at low interest rates on bank deposits and CDs and banks want to keep their customers happy.  So many bank officers and service reps steer disappointed […]

ATTORNEY NEWSLETTER Financial Exploitation of Seniors Stay Alert: It Can Happen to Anyone Recently, a former California State Assemblywoman shared at an elder abuse symposium that she had been a victim of financial elder abuse.[1]  She told her story to raise awareness that financial elder abuse does not discriminate among […]

ATTORNEY NEWSLETTER Financial Exploitation of Seniors Stay Alert and Look for Warning Signs of Financial Abuse The best protection against financial elder abuse of your senior loved one is an active, strong support system protecting them from exploitation. Stay involved and maintain an ongoing conversation about the elder’s financial and […]

ATTORNEY NEWSLETTER Liability for Misinformation A classic type of securities fraud is when advisors/sellers lure investors into transactions with fraudulent statements or misinformation. When the advisor is the author of the fraudulent statement, liability is clear.  When the advisor merely passes along a fraudulent statement made by another, liability is […]

ATTORNEY NEWSLETTER Life Insurance Churning Millions of older Americans have whole life insurance policies with accumulated cash value. Typically, they were sold those policies when they were much younger as a tax deferred savings vehicle, passing the accumulation on to their children when they died.  Some insurance agents spot these […]

ATTORNEY NEWSLETTER  What Are Powers of Attorney? A Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf in business transactions and more. California seniors often execute POAs when their own ability to manage their affairs becomes impaired […]

ATTORNEY NEWSLETTER Unfair Practices by Lender Senior Debtor’s Case Moves Forward A recent California case[1] illustrates a consumer’s rights against debt collectors using unfair practices when trying to collect on a debt.  In the case, an elder homeowner received notice that a mortgage company intended to foreclose on his home.  […]